Coastline Trust Co Takes Position in ONE Gas, Inc. (NYSE:OGS)

Coastline Trust Co bought a new position in shares of ONE Gas, Inc. (NYSE:OGS) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 800 shares of the utilities provider’s stock, valued at approximately $60,000.

Other large investors have also added to or reduced their stakes in the company. Crossmark Global Holdings Inc. lifted its holdings in shares of ONE Gas by 4.4% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 3,734 shares of the utilities provider’s stock worth $278,000 after purchasing an additional 159 shares in the last quarter. Hexagon Capital Partners LLC lifted its stake in shares of ONE Gas by 21.7% in the second quarter. Hexagon Capital Partners LLC now owns 977 shares of the utilities provider’s stock valued at $62,000 after buying an additional 174 shares in the last quarter. Tidal Investments LLC grew its holdings in shares of ONE Gas by 6.1% during the first quarter. Tidal Investments LLC now owns 3,580 shares of the utilities provider’s stock valued at $228,000 after buying an additional 206 shares during the last quarter. Harbor Capital Advisors Inc. increased its position in shares of ONE Gas by 0.9% during the second quarter. Harbor Capital Advisors Inc. now owns 25,019 shares of the utilities provider’s stock worth $1,597,000 after acquiring an additional 230 shares in the last quarter. Finally, CWM LLC raised its holdings in shares of ONE Gas by 17.3% in the 3rd quarter. CWM LLC now owns 1,680 shares of the utilities provider’s stock worth $125,000 after acquiring an additional 248 shares during the last quarter. Institutional investors and hedge funds own 88.71% of the company’s stock.

ONE Gas Stock Performance

Shares of ONE Gas stock opened at $75.40 on Friday. The business’s fifty day simple moving average is $72.99 and its 200 day simple moving average is $67.75. The company has a current ratio of 0.50, a quick ratio of 0.37 and a debt-to-equity ratio of 0.85. ONE Gas, Inc. has a 12 month low of $55.50 and a 12 month high of $76.34. The firm has a market capitalization of $4.27 billion, a P/E ratio of 19.64, a price-to-earnings-growth ratio of 3.89 and a beta of 0.67.

ONE Gas (NYSE:OGS) last released its earnings results on Monday, November 4th. The utilities provider reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.05). The business had revenue of $340.40 million for the quarter, compared to the consensus estimate of $287.48 million. ONE Gas had a return on equity of 7.71% and a net margin of 10.52%. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.45 earnings per share. As a group, analysts anticipate that ONE Gas, Inc. will post 3.88 EPS for the current year.

ONE Gas Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Tuesday, November 19th will be issued a $0.66 dividend. The ex-dividend date is Tuesday, November 19th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.50%. ONE Gas’s dividend payout ratio (DPR) is presently 68.75%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. StockNews.com lowered ONE Gas from a “hold” rating to a “sell” rating in a report on Wednesday. Morgan Stanley increased their price target on ONE Gas from $63.00 to $69.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Finally, Wells Fargo & Company cut their price objective on shares of ONE Gas from $82.00 to $81.00 and set an “overweight” rating on the stock in a report on Wednesday, November 6th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $68.10.

ONE Gas Profile

ONE Gas, Inc, together with its subsidiaries, operates as a regulated natural gas distribution company in the United States. The company provides natural gas distribution services to approximately 2.3 million customers in Oklahoma, Kansas, and Texas. It serves residential, commercial, and transportation customers.